If just 10% more of Britain’s super-rich matched their charitable peers, it could raise an extra £2 billion for good causes in the UK. That’s more than the £1.6 billion donated by the National Lottery last year. That’s the message from Rushanara Ali MP, the chair of a brand new all-party parliamentary group on philanthropy launched this week. In 2016/17, charitable contributions in the UK amounted to £17.1bn, which represents around 0.85% of total GDP. Currently there are around 18,000 ultra-high-net-worth people in the UK, each with more than £10m…
Read MoreLaunch of The APPG on Philanthropy and Social Investment
